Well said CSG.
There is no denying that the basket price is down from US$22 (last quarter) to USD18 (this quarter). There is no need to squabble about a few cents plus or minus. The cost base is nearly double. Operational production and administration costs are higher than the cash receipts from product.
Conclusion: Increasing production will send this company quicker into insolvency than to financial success. (Quoted from Money Morning)
Now, insolvency would be a blot on AL's resumee.
It therefore stands to reason that her job is to whip Lynas into some sort of positive shape and then sell it.
That could leave Lynas with a positive balance sheet of a few dollars plus some rock assets in the outback and a success story for AL (and NC of course).
Well said CSG. There is no denying that the basket price is down...
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Last
$8.09 |
Change
0.070(0.87%) |
Mkt cap ! $7.561B | |||
| Open | High | Low | Value | Volume |
| $8.15 | $8.27 | $8.08 | $35.31M | 4.353M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 7192 | $8.08 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $8.10 | 4833 | 2 |
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| Last trade - 16.10pm 08/11/2024 (20 minute delay) ? |
| LYC (ASX) Chart |